Stock Technical indicators to notice in Spicy Pickle Franchising Inc. (SPKL.OB)
1- Last bullish trend was from 0.04 $ (1/18/2012) to 0.05 $ (1/20/2012) a 0.01 $ move 2- The current bearish trend started from 0.05 $ at 1/20/2012 and is currently trading at 0.03 $.
Spicy Pickle Franchising Inc. (SPKL.OB) Short term stock chart patterns for internet stock trading :
4- The Stock formed Double Top Pattern at 0.050 .
5- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.
Spicy Pickle Franchising Inc. (SPKL.OB) Mid term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.050 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.
Spicy Pickle Franchising Inc. (SPKL.OB) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.050 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.040, target of the pattern is 0.020.
Stock Trading Conclusion:
Spicy Pickle Franchising Inc. (SPKL.OB) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 0.035, 0.038, 0.040, 0.042, 0.047, 0.050, 0.050.
Stock Support levels : 0.020,.
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